Life-Skills Inc
- Assets
- $10.8m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 445
- Location
- Webster, MA
- Founding
- 04/1973
- Data as of
- 06/2022
- EIN
- 04-2483176
Organization Overview
Life-Skills Inc is located in Webster, MA. The organization was established in 1973. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Life-Skills Inc employed 445 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life-Skills Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Life-Skills Inc generated $18.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $17.8m during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DAY HABILITATIVE SUPPORT SERVICES TO THOSE WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
RESIDENTIAL SERVICES: FUNDING FOR 76 INDIVIDUALS TO RECEIVE 24 HOUR RESIDENTIAL LIVING SUPPORT AND 14 INDIVIDUALS LIVING INDEPENDENTLY BETWEEN 15-24 HOURS OF SUPPORT PER WEEK. 27 INDIVIDUALS RECEIVE PART TIME DAY HABILITATION SUPPORT AND 4 INDIVIDUALS RECEIVE VOCATIONAL TRAINING AND SUPPORT.
DAY HABILITATION: FUNDING SUPPORTS 197 INDIVIDUALS WHO ATTEND DAY HABILITATION PROGRAMS APPROXIMATELY 250 DAYS PER YEAR.
EMPLOYMENT REHABILITATION: SERVES APPROXIMATELY 21 INDIVIDUALS OVER 250 DAYS PER YEAR PROVIDING JOB PLACEMENT, JOB SUPPORT, SKILL EVALUATION, AND WORK READINESS TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Miller Director | Trustee | 0.5 | $0 |
Michael Toomey President | OfficerTrustee | 0.5 | $0 |
Kara Westerman Director | Trustee | 0.5 | $0 |
Janice Smith Secretary | OfficerTrustee | 1 | $0 |
Nancy Noonan Vice President | OfficerTrustee | 0.5 | $0 |
Paul Haughey Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cole Contracting Construction | 6/29/22 | $306,123 |
Patrick Morrison It Consultant | 6/29/22 | $103,564 |
Divine Community Resources Staffing Agency | 6/29/22 | $318,066 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $927 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,311 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,238 |
| Total Program Service Revenue | $18,515,988 |
| Investment income | $3,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$889 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,429 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,550,942 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $239,247 |
| Compensation of current officers, directors, key employees. | $239,247 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,684,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,848,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,518 |
| Fees for services: Accounting | $25,727 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,195,642 |
| Advertising and promotion | $0 |
| Office expenses | $216,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,214,000 |
| Travel | $19,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $514,771 |
| Insurance | $77,799 |
| All other expenses | $21,416 |
| Total functional expenses | $17,763,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,102 |
| Savings and temporary cash investments | $510,285 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,203,960 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,857 |
| Net Land, buildings, and equipment | $6,790,174 |
| Investments—publicly traded securities | $528,834 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,093 |
| Total assets | $10,791,305 |
| Accounts payable and accrued expenses | $2,028,122 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,106,753 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $674,151 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,809,026 |
| Net assets without donor restrictions | $4,982,279 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,791,305 |